Alternatives to Listing Your Home in Chicago: Explained

Do you want to sell your home in Chicago? If so, we want to share some possible alternatives to a listing. Many people aren’t aware of the options that are often available! Check out our latest post to learn more about what is available for you!

Selling your house can be a daunting task. The process of listing isn’t always as simple as is seems. There are repairs to make, cleaning to maintain, open houses, showings, bills and other hurdles to clear all while you are trying to move!

There are alternatives to a listing that can work much more efficiently in some situations. Consider some of these alternatives to listing when you are ready to sell your Chicago house!

Rent To Own

Setting up your house in a rent to own structure is a great way to get the property in front of many more potential buyers. It is also a way to guarantee you will get full retail value for the home, sometimes more. There are MANY people out there looking to buy a home, but they fail to qualify for a traditional mortgage because of a minor blemish on their credit from years ago, they are short on a down payment or they have another mortgage on a different property.

These are great people, who will be likely to pay a higher than average rent in exchange for the chance at home ownership. To get started, the buyer will pay you an agreed upon “lump-sum payment up-front. This acts as a deposit should they fail to hold up their end of the deal. The buyer will also pay you a higher than average rent, with a portion of the rent going toward their down-payment.

At the end of a year or two, the buyer must purchase the home outright. There are many ways you can set this up. Choose the terms that work for you!

Hold As a Rental Property

Have you ever pictured yourself as a landlord? In some situations, it can be a lot of work. While other times, and with careful screening, you can find great, low-maintenance tenants. Many people who aren’t able to sell the traditional way, will instead opt to rent their home out.

If it seems like too much work, you can always hire a property management company to help you with routine maintenance and rent collection. Many people find owning a rental property is an excellent way to secure extra income.

Selling to A Direct Buyer or Investor

When you choose to sell your home directly, you will likely save many out of pocket costs you encounter when listing. You won’t need to pay a listing agent, make repairs or clean up. With a direct sale to an investor, the process typically runs much more quickly. Direct buyers are often paying in cash, so they are able to close without relying on bank funding.

When you sell your house directly, make sure to read the fine print and that the terms are agreeable to you. When selling on your own, you will not have a professional to help guide you. Not all home buyers are the same!

Auction Services

Many people are turning to auction services to sell their [marlet_city] homes. Choose a site or person who will generate buzz about your property using excellent marketing. The goal here is to draw attention to your home and encourage buyers to outbid one another.

An auction is great for people who want to want to sell and have a definitive date. By selling quickly, you can potentially save thousands as opposed to listing your home.

Factor in your mortgage payment, homeowners insurance, property taxes, repairs and general depreciation, and you’ll see that holding on to a home, that isn’t income generating, is only costing you money.

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Testimonials

606 Homes LLC

Goran is extremely knowledgeable in the Chicago market. He understands all the variables from acquisition to rehab to resale. He is an outstanding resource to anyone interested in foreclosures, rehabs and traditional purchases. I give him my highest recommendation!

I was looking for real state agent to sell my condo, who is professional, honest, responsive, trustworthy, and assertive. Besides possessing all these qualities, Goran is charming and family oriented. He kept me informed about the progress on a regular basis through phone and e-mail. He is very punctual. He is the agent who will get the job done. Highly recommended.

I have worked with several real estate agents over the years and have never worked with one as considerate and thorough as Goran. He always made himself available and went above & beyond to accommodate our needs. Goran always looked at the home as if he were purchasing it himself. His knowledge of renovations was also impressive since he could view the structure to determine whether the building was a good candidate for what our rehab goals were. Furthermore, even after signing the purchase contract, he made himself available for additional walk-through’s so we could continue our planning for our eventual new home. Goran Utvic is a top notch real estate agent and a person who I would recommend to anyone and everyone as it applies to buying or selling real estate.

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer. Licensed Real Estate Broker in IL